Quarterly report pursuant to Section 13 or 15(d)

14. Stockholders' Equity (Tables)

v3.20.2
14. Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Schedule of assumptions

The fair value of the warrants listed above was determined using the Black-Scholes option pricing model with the following assumptions:

 

    September 30,     September 30,  
    2020     2019  
Risk-free interest rate     1.71%       1.71%  
Expected life of the options     10 years       10 years  
Expected volatility     158.86%       158.86%  
Expected dividend yield     0%       0%  
Schedule of option activity

The following is a summary of options activity from December 31, 2019 to September 30, 2020:

 

Options   Shares     Weighted average exercise price     Weighted Average Remaining Contractual Life     Aggregate Intrinsic Value  
Outstanding at December 31, 2019     210,000     $ 9.61       9.61       –  
   Granted     –       –       –       –  
   Exercised     –       –       –       –  
   Forfeited or expired     –       –       –       –  
Outstanding at September 30, 2020     210,000     $ 9.61       9.61       –  
Vested as of September 30, 2020     210,000     $ 5.70       9.61       –  
Exercisable at September 30, 2020     210,000     $ 9.61       9.61       –  
Schedule of options by exercise price

The exercise price for options outstanding and exercisable at September 30, 2020:

 

Outstanding     Exercisable  
                     
Number of       Exercise     Number of       Exercise  
Options       Price     Options       Price  
30,000     $ 5.70     30,000     $ 5.70  
30,000       5.70     30,000       5.70  
30,000       5.70     30,000       5.70  
30,000       5.70     30,000       5.70  
30,000       5.70     30,000       5.70  
30,000       5.70     30,000       5.70  
30,000       5.70     30,000       5.70  
210,000             210,000